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Home»ALTCOIN NEWS»Trader predicts more rallies against surging Ethereum competition, updates outlook for Chainlink and two additional altcoins.
ALTCOIN NEWS

Trader predicts more rallies against surging Ethereum competition, updates outlook for Chainlink and two additional altcoins.

By Crypto FlexsMay 21, 20243 Mins Read
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Trader predicts more rallies against surging Ethereum competition, updates outlook for Chainlink and two additional altcoins.
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A cryptocurrency strategist says he is bullish on one Ethereum (ETH) rival, which has surged 43% in the past week.

Alien trader Altcoin Sherpa told his 216,300 followers on social media platform X that Fantom (FTM) could see more upside in the coming months.

“I think FTM will be around $1 before the pullback occurs and will go much higher in the next six months. There’s an interesting upgrade/pivot coming here, and I’m in the bag. “It looks strong in the short term,” he said.

Source: Altcoin Sherpa/X

As of this writing, FTM is worth $0.856.

Looking at the underlying asset of decentralized oracle network Chainlink (LINK), traders say the altcoin is positioned to trigger a breakout rally.

“I think if LINK can break this $16 mark, it will be $20.

Personally I wouldn’t buy from here though.”

video
Source: Altcoin Sherpa/X

As of this writing, LINK is trading at $16.53.

Next up is Memecoin dogwifhat (WIF), which analysts say is approaching a potential rebound level.

“WIF: $2.30 should provide some bounce area. I thought it would surpass the all-time high, but I was definitely wrong. You may also see the wick being struck again for around $1.80. “Overall, it will be a good short-term rebound.”

video
Source: Altcoin Sherpa/X

As of this writing, WIF is worth $2.54.

The last altcoin on traders’ radar is the native asset of Solana (SOL)-based decentralized exchange (DEX) aggregator Jupiter (JUP). According to Altcoin Sherpa, JUP is currently in the process of hitting bottom.

“Some of these charts look pretty good overall. For example JUP. “I expect it to form some kind of short-term bottom and then see some kind of slow rise.”

video
Source: Altcoin Sherpa/X

As of this writing, JUP is trading at $1.18.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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